5% + 6% = 12%
1 + 12% = 1.12
59.97 multiplied by 1.12 = 67.1664 (66.57)
a)
First Year:
Divide 100 by 10 = 10.
10 new Caribou.
10 + 100 = 110
Second Year:
Divide 110 by 10 = 11
Mulitple 11 by 2 = 22
110 + 22 = 132 Caribou
110 + 22 = 132 Caribou
b)
There wasn't a 30% increase because the second year, it is 20% off of the 10% in the first year (20% increase of the 110 caribou)
Question 6, Page 148 $38.25
Week 1:
$85.00 divided by 2 = 42.50
Week 2:
42.50 divided by 10 = 4.25
$42.50 - $4.25 = $38.25
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